BAKU/29.01.14/TURAN : Assets of NBCBank increased in 2013 by 36.3 %, reaching 117.22 million manat. Volume issued to individuals and legal entities grew by 36.2 % and amounted to 95.26 million manat.
The total liabilities of the bank increased from 61.74 million to 77.04 million manat. Deposit portfolio increased by 31.7 % and amounted to 52.34 million manat, including term client investments increased by 35.6% to 50.35 million manat.
Equity capital reached 40.18 million manat. The total capital increased by 67.8 % higher than the 38.79 million manat and paid charter capital - by 86.9 % to 36.54 million manat.
The bank's earnings equaled 15.56 million manat and expenditures - 14.32 million manat , an increase compared with 2012 , respectively 36.6% and 56.1 %. Net profit after tax decreased by 81.1 %, amounting to 448 thousand manats. - 15B -
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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